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Jul 28th, 2012 Comments: 0

Cruise Industry Takes Hit After Costa Concordia Accident

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It’s been about six months since the Costa Concordia ran aground, capsized and partially sunk. Shortly after this accident occurred, I predicted a downturn in the industry. I also set forth the proposition that other cruise lines would suffer as a result of Costa’s blunder. My prediction has been accurate. Industry insiders have said that ticket sales have slowed by more than ten percent, and profits are off since before the incident.
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